Partnership Taxation (Aspen Casebook)

In this concise, tightly edited casebook, George Ok. Yin and Karen C. Burke emphasize core ideas and insurance policies to assist college students perceive the general construction and coherence of partnership taxation. The e-book’s organizational construction bridges ideas realized within the introductory revenue tax course and people introduced in superior tax programs, by providing a "building-block" method that progresses from primary to complicated partnership transactions. By emphasizing the coverage selections that lend construction and coherence to the regulation, Partnership Taxation facilitates an understanding of the overarching ideas of partnership tax. Students study the regulation from primary supply material–the Code and regulations–as nicely as tightly edited instances and different steering. Many issues, questions, and explanations complement the presentation to information college students by the difficult materials.

New to the Fourth Edition:

• The Fourth Edition displays developments by February 2020, together with:
• Expanded dialogue of choice-of-entity points in gentle of serious adjustments launched by the 2017 tax laws, together with the 21% company tax price and the part 199A passthrough deduction
• Revised laws regarding allocation of partnership liabilities, together with disregarded bottom-dollar fee obligations
• The momentary expensing deduction beneath part 168(ok), in addition to new limitations on enterprise curiosity deductions and extra enterprise losses
• New part 1061 imposing a three-year capital acquire holding interval for service companions receiving partnership pursuits in sure funding partnerships
• The revised definition of a "substantial built-in loss" beneath part 743(b) and repeal of the technical termination rule beneath part 708

Professors and college students will profit from:

• Approach: This e-book emphasizes core ideas and insurance policies to assist college students perceive the general construction and coherence of partnership taxation.
• Organization: The organizational construction bridges ideas realized within the introductory revenue tax course and people introduced in superior tax programs; "building-block" method progresses from primary to complicated partnership transactions.
• Depth: By offering in-depth protection whereas avoiding pointless element, the revised Fourth Edition facilitates mastery of the fabric and prepares college students to suppose rigorously and creatively concerning the sorts of issues they may encounter as practitioners of tax and enterprise regulation.

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